The oil industry has long been the lifeblood of Iraq’s economy, accounting for over 90% of government revenue and driving its global economic standing. But with shifting global energy trends, climate change concerns, and domestic challenges, many are asking: What is the future of the oil industry in Iraq? In this article, we’ll explore the […]
Iraq’s construction sector is experiencing a resurgence after years of stagnation caused by conflict and economic instability. With ambitious infrastructure projects and urban development plans underway, how is Iraq’s construction sector growing has become a key question for analysts, investors, and businesses. In this article, we’ll uncover the factors driving growth, examine recent developments, and […]
The Backbone of Iraq’s Economy – Oil Revenue Why Oil Dominates Iraq’s Income Iraq holds one of the largest proven oil reserves in the world, making oil exports the cornerstone of its economy. According to recent data from the International Energy Agency (IEA), oil accounts for approximately 90% of Iraq’s government revenue and over 85% […]
